COCOON HOLDINGS (00428): requestor withdraws the liquidation request

COCOON HOLDINGS (00428) announced that on November 4, 2025, the legal representative of the petitioner submitted the following documents to the Bankruptcy Management Office: (i) signed settlement agreement; (ii) the duly signed Consent Summons No. HCCW 639 for 2025 by both the Company and the petitioner; and (iii) a formal receipt confirming the payment of the settlement amount in accordance with the settlement agreement. Subsequently, on November 6, 2025, the Bankruptcy Management Office wrote to the legal representative of the petitioner, stating no objection to the intended withdrawal of the petition. On November 25, 2025, the Company received a sealed order from the Hong Kong High Court dated November 24, 2025, allowing the petitioner to withdraw the petition.